Fiscal Cliff Talks Underway; Both Sides Upbeat

Negotiations on the Fiscal Cliff have started, and both sides are sounding positive. According to the Washington Post:

The four Republican and Democratic leaders of the House and Senate were unanimous after the initial round of talks in saying they were confident that they and the White House could agree on measures to raise federal revenue and cut spending before a Jan. 1 deadline, when draconian provisions originally designed to force a compromise are scheduled to take effect.

The stock market was cheered by the positive tone of the news, with the S&P 500 index closing up by half a percentage point today, after having trended downward since the election on November 6.

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